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The future of international travel

In 2020, the ease in which we travelled overseas changed abruptly. And in the years to come, vaccinations, travel bubbles and testing are likely to become as routine as packing your passport and booking a hotel. Here’s what international travel may look like in the next few years – and how to stay safe on your travels.

International tourism fell by a staggering 72% in 2020 after the pandemic closed borders and cancelled travellers’ plans. Now that vaccines are being progressively rolled out across the world, the outlook is brighter for the global community and the tourism industry. But that doesn’t mean the world will return to business as usual – especially as far as travel is concerned.

So, are overseas trips still off the cards for the next few years? Not necessarily, but travel won’t be the same as it was before the pandemic. Here’s what to expect in the coming years – and how to keep safe if you journey abroad.

A vaccine – no silver bullet

Vaccines are major players in the fight to contain the Coronavirus. But we shouldn’t expect too much too soon. Realistically, it could take years for enough people to get vaccinated to develop herd immunity. And it’s unlikely that every traveller boarding an international flight will be vaccinated.

Being vaccinated reduces the chance of getting the symptoms of the Coronavirus. But it’s still not known whether current vaccines will stop the actual transmission of the virus that causes the illness.  It’s also unclear how long immunity will last. What’s more, there’s the chance that people may need boosters each year, similar to flu vaccinations, due to mutations of the virus.

In the bubble

Coronavirus cases have been very high in countries like Brazil, India, the United States, Russia and the United Kingdom. So at least for the time being, these countries may be off the cards as a travel destination for Australians. But in countries where’s there’s been very little community transmission, governments are open to the idea of forming a travel bubble.

On 19 April, the trans-Tasman bubble between Australia and New Zealand was established. New Zealand agreed to open its borders to Australians (without requiring mandatory hotel quarantine) while keeping its borders shut to countries where the virus hasn’t been contained. Australia has already been welcoming New Zealanders without the need to quarantine since October 2020, with all states and territories participating with the exception of Western Australia.

Other low-transmission countries include Singapore and some Pacific Island nations. There is talk Australia may create a travel bubble with these destinations too, to further open up overseas travel. But keep in mind that if there is another outbreak within one of these countries, borders could slam shut again. So, your travel plans could be cancelled at the last minute.

Rating risk and regulations

As the virus becomes more contained and borders continue to open up, restrictions and new regulations are likely to become a normal part of travelling. Quarantining isn’t likely to disappear forever. But whether you’ll need to spend 14 days on either side of your trip may depend on your Coronavirus risk rating.

The European Centre for Disease Prevention and Control (ECDC) has set up a rating system for European countries. It rates a country’s risk based on factors like its number of positive Coronavirus tests and the death rate from the virus. Australia may decide to introduce a similar rating system when it starts to open up again to international tourists.

Countries or airlines may require you to provide proof of vaccination before you’re allowed to travel. (This isn’t a new idea – some countries already require travellers to show they’ve been immunised against infectious diseases like yellow fever or malaria.) Many airlines and countries are likely to continue pre-departure testing, mandatory masks on flights and at airports, and temperature checks on arrival.

Source: Colonial First State

 

Hardik Gupta

Senior Paraplanner

Education: Master of Business Administration (Finance & marketing) & Bachelor of technology (B.tech)

Hardik is a financial professional with an MBA in Finance and extensive expertise in financial planning. As a Senior Paraplanner, he brings a wealth of knowledge and a deep commitment to helping clients achieve their financial goals.

With significant experience in the financial industry, Hardik excels in creating detailed financial plans, performing comprehensive financial analyses, and supporting financial advisors with client portfolio management. His strong background in finance provides him with a robust understanding of market dynamics, investment strategies, and risk management, enabling him to deliver tailored solutions that align with each client’s unique needs.

In his free time, Hardik enjoys spending quality time with his family, biking, playing snooker, and exploring new culinary delights through cooking.

Mayank Manta

Team Leader

Master’s of Commerce & Bachelor of Commerce

Mayank has 8 years experience in the Financial Services industry, with extensive understanding and in-depth knowledge of Financial Planning.

Mayank enjoys systems and numbers, ensuring that every step that needs to be followed gets done and every step that is unnecessary be removed from the process. Being an open, honest and naturally empathetic person, Mayank goes out of his way to ensure that clients, family and friends are happy and content. In his free time, Mayank enjoys spending quality time with my family, creating lasting memories with the people who matter most to him.

Another activity he enjoys is travelling – exploring new places and experiencing different cultures is something that excites him.

Jack Wyer.

Financial Adviser

Bachelor of Business – Major, Financial Planning

Jack Wyer is a Financial Planning Graduate who has recently commenced his Professional Year with Verity Wealth Solutions. With a Bachelor’s Degree in Business, Majoring in Financial Planning, Jack has demonstrated high achievement, receiving merit awards in both 2021 and 2022. Jack’s passion for helping others and his desire to see others succeed financially have been the driving forces behind his chosen career pathway.

Driven by his passion for financial well-being and his innate ability to connect with others, Jack is dedicated on making an impact on the lives of others. Through his expertise, empathy, and commitment, he strives to empower people to achieve their financial goals.

Alongside his financial planning endeavours, Jack finds joy in spending quality time with friends and family and wants to slowly visit new countries along the way. Jack is also an avid Soccer player, actively playing for a local team. When it comes to supporting a team, Jack goes for Tottenham in the English Premier League.

Jack Wyer’s Adviser Profile